Whartonite Definition
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A "Whartonite" is a colloquial term used to refer to graduates of The Wharton School of the University of Pennsylvania. The Wharton School’s reputation in the financial sector often associates the term with professionals in industries such as investment banking, investment management, private equity, and venture capital.
In some cases, the term can be used derogatorily, referring to professionals with an attitude of superiority or arrogance, reflecting the negative stereotypes surrounding the financial sector.
Key Takeaways:
– "Whartonite" refers to graduates of The Wharton School, a prestigious business school at the University of Pennsylvania.
– It can have a negative connotation, implying a superiority complex.
– Wharton is among the top 5 business schools globally, offering a variety of majors for undergraduate and graduate students, with a large alumni network of prestigious graduates.
The Wharton School, established in 1881 by industrialist Joseph Wharton, is often referred to as "The Finance School" due to its long-standing reputation as the preeminent school for finance careers.
While known for producing graduates who work on Wall Street and in financial firms, Wharton also offers MBA majors in subjects such as healthcare management, marketing, real estate, and environmental, social, and governance (ESG) factors.
In recent years, Wharton has expanded beyond Pennsylvania. It launched an Executive MBA program in 2001, with studies completed in a newly-established campus building in San Francisco. Additionally, Wharton opened the Penn Wharton China Center in 2015, further strengthening its connections and influence in the Greater China region.
Wharton is widely regarded as one of the world’s top institutions for business education. U.S. News & World Report ranks Wharton’s MBA program as the third-best in the United States, while its undergraduate business program is ranked number one.
Wharton’s MBA program is ranked higher than Harvard’s by U.S. News & World Report: number three and number five, respectively. However, for undergraduate studies, Harvard offers a wider variety of subjects while Wharton is more business-focused.
The first year of Wharton’s MBA program costs $124,476, including tuition, fees, room and board, books and supplies, and health insurance. Second-year costs are $122,476.
Admission to Wharton’s MBA program is highly competitive. The school receives between 6,000 and 7,000 applicants each year and accepts about 1,000 of them.
Yes, The Wharton School is an Ivy League school as part of the University of Pennsylvania, one of the eight Ivy League schools. The Ivy League term applies only to U.S. schools that were originally connected through athletics before the formation of the United States. These schools are now considered some of the best in the world, and admission is highly competitive.
In summary, Whartonites are individuals who graduated from The Wharton School, one of the most prestigious business schools globally. The Ivy League school offers undergraduate and graduate programs in various majors, not limited to finance, and its graduates find employment in successful companies.
